Seven Ukrainian banks of the largest group in 2009, failed to comply with the plans to increase capital, which had been developed on the basis of diagnosis of financial institutions, said the director of the Department of Foreign Economic Relations of the National Bank of Ukraine (NBU) Sergei Kruglik.
“Of the first group of underperformance (capitalization program - ed.) was a seven banks,” - he said.
According to him, the failure occurred for various reasons, particularly because of changes in exchange rates and postponement of capital expansion at the request of shareholders.
However, he said, the NBU is concerned because of the lack of 100% of the plan to increase capital in this group of banks.
Director of the Department of Foreign Economic Relations also said that the NBU is preparing to conduct the next stage of diagnosis banks.
As reported on the website of the NBU, the central bank carries out constant monitoring of compliance by banks timing and amount of capitalization: The National Bank expects completion dokapitalizatsii largest and most large banks in an amount not less than 9.809 billion UAH and medium-sized and small financial establishments of at least 1.182 billion UAH .
“In the case of non-bank claims on the additional capitalization promptly provided1csuggestions and measures are being taken regarding the appointment of these banks interim administration,” - says.
As reported, the World Bank in late September 2009 reported that the diagnostic study of 38 major and large banks in Ukraine showed the presence among them 25 undercapitalized, of which 21 shareholders have expressed willingness to increase its capital to the required level.
In November 2009, Fitch assessed the current needs of the Ukrainian banks in additional capitalization of about $ 100 billion UAH of the growing volume of bad loans.
Course currency basket to the ruble on Tuesday rose by 0.52% to 35.913 rubles
MICEX index compared with the value at closing of the previous trading day decreased by 1.998%
Reducing Russia”s stock market will soon end
Downward trends in the market may be continued in the near future
In 2009 inflation in Russia is 6 times higher than the growth in consumer prices in Europe
In 2010, FGC UES will begin construction of seven facilities in the Far East
If tomorrow the statistics from the U.S. will be positive, Russia”s stock exchanges will continue to move upwards
As a result of trading the MICEX index lost 2.19%, ending the day at 1,384.79 points
Until the end of this week the market of Russia will consolidate in the region of 1 400 points mark for the MICEX
NBU notes the failure of several banks” plans to increase capital in 2009
Seven Ukrainian banks of the largest group in 2009, failed to comply with the plans to increase capital, which had been developed on the basis of diagnosis of financial institutions, said the director of the Department of Foreign Economic Relations of the National Bank of Ukraine (NBU) Sergei Kruglik.
“Of the first group of underperformance (capitalization program - ed.) was a seven banks,” - he said.
According to him, the failure occurred for various reasons, particularly because of changes in exchange rates and postponement of capital expansion at the request of shareholders.
However, he said, the NBU is concerned because of the lack of 100% of the plan to increase capital in this group of banks.
Director of the Department of Foreign Economic Relations also said that the NBU is preparing to conduct the next stage of diagnosis banks.
As reported on the website of the NBU, the central bank carries out constant monitoring of compliance by banks timing and amount of capitalization: The National Bank expects completion dokapitalizatsii largest and most large banks in an amount not less than 9.809 billion UAH and medium-sized and small financial establishments of at least 1.182 billion UAH .
“In the case of non-bank claims on the additional capitalization promptly provided1csuggestions and measures are being taken regarding the appointment of these banks interim administration,” - says.
As reported, the World Bank in late September 2009 reported that the diagnostic study of 38 major and large banks in Ukraine showed the presence among them 25 undercapitalized, of which 21 shareholders have expressed willingness to increase its capital to the required level.
In November 2009, Fitch assessed the current needs of the Ukrainian banks in additional capitalization of about $ 100 billion UAH of the growing volume of bad loans.
Course currency basket to the ruble on Tuesday rose by 0.52% to 35.913 rubles
MICEX index compared with the value at closing of the previous trading day decreased by 1.998%
Reducing Russia”s stock market will soon end
Downward trends in the market may be continued in the near future
In 2009 inflation in Russia is 6 times higher than the growth in consumer prices in Europe
In 2010, FGC UES will begin construction of seven facilities in the Far East
If tomorrow the statistics from the U.S. will be positive, Russia”s stock exchanges will continue to move upwards
As a result of trading the MICEX index lost 2.19%, ending the day at 1,384.79 points
Until the end of this week the market of Russia will consolidate in the region of 1 400 points mark for the MICEX